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Mauritius cuts after special meeting
The Bank of Mauritius has cut its benchmark interest rate by 50 basis points to 7.75% during a specially convened meeting on Friday.
Blanchflower: I told you so on rate cut
David Blanchflower, an external member of the Bank of England's Monetary Policy Committee (MPC), criticised his fellow committee members for not taking a forward-looking approach, which meant rates had stayed too high too long.
Fed hikes cheque processing costs by 41%
In a bid to encourage the move to electronic processing of cheques, the Federal Reserve will increase its charges for the processing of paper by 41% in 2009.
Interbank rates improve
Beyond the gyrations of the stock markets, there were continued signs that conditions in the interbank markets were on the mend.
Banks' social role key to new rules: ex-FSA head
The revision of the social contract between banks and government should be central to the debate about how to legislate against future crises, Britain's former chief regulator has said.
Bank of Japan split on rate cut
Bank of Japan policymakers were divided in making the first cut in more than seven years on Friday. The central bank lowered its overnight lending rate from 0.5% to 0.3% due to a "severe" adjustment in the world economy.
Norges's Qvigstad - central banks are changing
Liquidity policy is now at the forefront of the monetary policy scene, said Jan Qvigstad, the deputy governor of the Norges Bank.
US: debit cards and electronic payments rising
Electronic methods of cheque clearing are rapidly replacing traditional paper methods, reports a new paper from the Federal Reserve Board.
Turkey's Yilmaz: FX liquidity support in place
The central bank put into effect measures to support foreign exchange liquidity in the domestic banking system, said Durmus Yilmaz, the governor of the Central Bank of the Republic of Turkey.
IMF: crisis calls for new statistics
Understanding the crisis may require out-of-the-box thinking on data, said Adelheid Burgi-Schmelz, the new director of the International Monetary Fund's (IMF) statistics department.
Processing speed key to bank liquidity
Payments processing speed is a significant factor in explaining the liquidity holdings of banks throughout the day, finds a new paper by the Bank of Canada.
RBA's Debelle: recession's impact uncertain
The impact of global developments on Australia is uncertain, said Guy Debelle, the deputy governor of the Reserve Bank of Australia.
Fed examines poverty
The Federal Reserve Board and the 12 regional banks have collaborated on a study looking at high-poverty neighbourhoods in the US and the challenges these communities face.
BoE's Besley: rate cut won't save the day
A cut in bank rate, on its own, is not a magic bullet, said Timothy Besley, a member of the Bank of England's Monetary Policy Committee.
Fed rate cut of little consequence?
The Federal Reserve's half-point cut to its key rate - the federal funds target - may have triggered a surge in Asian and European stock prices on Thursday. But the policy change may have little bearing on the cost of borrowing it is meant to influence…
MPC's Blanchflower calls for aggressive cuts
The Bank of England needs to sharply reduce the cost of borrowing to prevent a "deep and long-lasting recession", said David Blanchflower, an external member of the Bank's Monetary Policy Committee (MPC).
Indonesia jails former governor for graft
Burhanuddin Abdullah, a former governor of Bank Indonesia, has been sentenced to five years behind bars for corruption.
Fed extends swaps to emerging markets, cuts to 1%
The Brazilian, Mexican, Korean and Singapore central banks on Wednesday became the latest to set up swap arrangements with the Federal Reserve to counter dollar liquidity fears.
IMF relaxes lending conditions for quick fixes
The International Monetary Fund (IMF) has offered to provide no-strings-attached loans in days to select countries facing liquidity problems.
Banking Authority of Kosovo - Annual Report 2007
Unemployment remained one of the main problems and was an extremely delicate issue for Kosovo in 2007, said Gazmend Luboteni, the chairman of the governing board of the Central Banking Authority of Kosovo.
Four reasons for Iceland's headache
Iceland's financial problems are a result of a non-viable business model, finds a new paper by Willem Buiter and Anne Sibert from the Centre for Economic Policy Research (CEPR).
G7 statements aid currency management
The G3 currencies move in the direction intended by the G7's communiques, research from the European Central Bank (ECB) indicates.
ECB communicates well
European Central Bank's (ECB) monetary policy communication is clear in about 95% of cases, finds a new paper from the International Monetary Fund.
New Zealand sets up $15bn swap line with Fed
The Reserve Bank of New Zealand on Wednesday became the latest institution to arrange a swap line with the Federal Reserve to counter continuing tensions in dollar funding markets.